Seedcamp has never shied away from the fact that to build something great takes time - and to building an ecocystem takes decades. We still have a long way to go in the markets we operate, TAG is not ready to buy a tracker (and also we are fundamentally "stock pickers").

We’ve had our successes and
failures at TAG, that’s part of investing and its especially so at the earliest
stages. However, we are inspired by the progress we’re seeing - especially from
Eastern Europe - and want to make sure that at
least some of this year's 20 teams will have at least double their run-way and
be able to take some more time to develop the right product, find the right
customers and discover which investors share their vision and values.

So we are offering €50k as a convertible loan to 5 teams from this week’s Seedcamp in order to help extend their runways further and look forward to contributing in a small way to the continuation of their journey from seed to
start-up to superstar.As frequently happens, Techcrunch got a sniff and published this offer here:http://eu.techcrunch.com/2011/09/12/seedcamp-week-2011-meet-the-finalists-the-winners-and-one-good-samaritan/We would of course invite any other investors - European or otherwise to join us in this funding - this is a promising group and they deserve our support